Roadrunner Transportation Systems Inc. (OTC:RRTS) Stock surges 19%: What’s the Buzz?
There were a number of stocks that had made notable gains on Thursday, and one of those was Roadrunner Transportation Systems Inc. (OTC:RRTS), which clocked gains of 19% for the day. It could well be a good time for investors to consider taking a closer look.
Business Expansion Update
On October 17, the company announced that it launched the outbound service from the markets of Laredo and San Antonio in Texas. Both those markets were described as highly strategic ones, especially Laredo, which boasts of the busiest shipping port in the United States. Roadrunner Transportation Systems also stated that in the yearly Mastio LTL survey, the company had been recognized among the highest-rated LTL carriers.
The LTL Network
Roadrunner Transportation Systems also noted in the same news release that its LTL network was favorably positioned to support the cross-border shipping demands from e-commerce, retail, industrial, automotive, and consumer importers for distribution, manufacturing, and assembling.
The expansion into the two above-mentioned Texas markets could be seen as a major boost to the overall network at a time when Roadrunner Transportation Systems is aiming to move into new markets spread across North America. In the past, the company had been known for the challenges it experienced in terms of its services. However, in recent times, strong discipline has made Roadrunner Transportation Systems one of the leading operators in the industry.
Key Quote
“We’ve earned our place as one of transportation’s greatest comeback stories,” said Chris Jamroz, Executive Chairman of the Board and CEO. “Our efforts to rebuild and elevate the customer experience have been recognized, and the Mastio survey confirms what our customers have come to know: Roadrunner now delivers the highest quality LTL shipping in the U.S. With a Customer Value Index score of 100.18, the highest in our history, we now rank above industry leaders such as Old Dominion and Saia. Our Net Promoter Score (NPS) also surged by 40 points, marking an unprecedented leap.”
Traders Notes
| +/- EMA(20) | 1.21 (+15.70%) |
| +/- SMA(50) | 1.33 (+5.26%) |
| +/- SMA(200) | 1.36 (+2.94%) |
| 5-Day Perf. | +22.43% |
| 1-Month Perf. | +4.48% |
| 3-Month Perf. | +11.11% |
| 6-Month Perf. | -7.28% |
| YTD Perf. | -11.39% |
| 1-Year Perf. | -18.6% |
| RSI(14) | 63.87 |
| ATR(14) | 0.07 |
| ADX(14) | 28.9 |
| Beta (5Y) | 1.41 |
